Orange County NC Website
6 <br /> 1 <br /> 2 VOTE: UNANIMOUS <br /> 3 <br /> 4 Discussion and Approval of the Items Removed from the Consent Agenda <br /> 5 <br /> 6 6-k Authorization of a Deed of Trust by Orange Enterprises, Inc. <br /> 7 The Board considered authorizing Orange Enterprises, Inc. (OE) to obtain a deed of <br /> 8 trust in an amount of$250,000 and authorizing the Chair to sign. <br /> 9 John Roberts said OE is requesting a second deed of trust on this property. He said if <br /> 10 Orange County grants this authority OE will have additional operating funds. He said the <br /> 11 business has a shortage of cash flow. <br /> 12 John Roberts said another request came in that was an amendment to the agreement. <br /> 13 He said this amendment changes the number in the 2005 contract which states that OE is <br /> 14 prohibited from securing deeds of trust in excess of$715,000. He said tonight's approval would <br /> 15 take that total up to $965,000, and OE is seeking to amend the agreement to allow deeds of <br /> 16 trust up to $1 million. <br /> 17 Chair Jacobs asked if John Roberts was comfortable with this. <br /> 18 John Roberts said yes. <br /> 19 Commissioner Gordon asked for the total worth. <br /> 20 John Roberts said it is assessed for $1,091,519 million dollars. He said this matters to <br /> 21 the County because if OE defaults, ownership will default to the County. <br /> 22 Commissioner Gordon clarified that the assessed value is $1,091,519 and OE wants <br /> 23 authorization for $1 million. <br /> 24 John Roberts said this is correct. <br /> 25 <br /> 26 A motion was made by Commissioner Price, seconded by Commissioner Rich to <br /> 27 authorize Orange Enterprises, Inc. (OE) to obtain a deed of trust in an amount of$250,000; to <br /> 28 accept an amendment to the contract allowing Orange Enterprises, Inc to secure deeds of trust <br /> 29 up to $1 million; and to authorize the Chair to sign. <br /> 30 <br /> 31 VOTE: UNANIMOUS <br /> 32 <br /> 33 6-1 Legal Advertisement for Quarterly Public Hearing — February 24, 2014 <br /> 34 The Board considered the legal advertisement for items to be presented at the joint <br /> 35 Board of County Commissioners/Planning Board Quarterly Public Hearing scheduled for <br /> 36 February 24, 2014. <br /> 37 Commissioner Price asked if it is possible to add links to the online application or to add <br /> 38 contact numbers for staff. <br /> 39 Perdita said there is a statement in the legal advertisement regarding a link to <br /> 40 applications available on the County Website, as well as a phone number to call for more <br /> 41 information. <br /> 42 Commissioner Price said this is after the public information meetings and the <br /> 43 advertisement will only run one time. <br /> 44 Perdita Holtz said the public information meetings are being included in the legal <br /> 45 advertisement. She said this exact same advertisement will run twice, even though the public <br /> 46 information meeting will have occurred by the time the February 19th advertisement runs. <br /> 47 Commissioner Price asked if the link will take people to the specific agenda item or just <br /> 48 to the full agenda. <br />